Three bidders have emerged as the main contenders to buy UniCredit's fund management arm Pioneer, in a deal that could net €3bn (US$3.4bn) for Italy's largest bank, sources said. Italian insurer ASSICURAZIONI GENERALI, French group AMUNDI and an Italian consortium led by POSTE ITALIANE have all made rival offers, the sources said. These bids are seen to be ahead of the pack, including offers involving Axa, Natixis, Macquarie and Allianz, the sources said.
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